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Pires Inv Share Chat (PIRI)



Share Price: 0.0575Bid: 0.05Ask: 0.065Change: 0.00 (0.00%)No Movement on Pires Inv
Spread: 0.015Spread as %: 30.00%Open: 0.0475High: 0.065Low: 0.0475Yesterday’s Close: 0.0575



Share Discussion for Pires Inv (PIRI)


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joerog
Posts: 979
Off Topic
Opinion:No Opinion
Price:0.07
I am pleased
12 Apr '13
It is nice to have an update to ease any concerns (not that I had any!). Let's hope we get an even more interesting update for the more meaty investment soon.
 
maxtheax16
Posts: 2,412
Premium Chat Member
Observation
Opinion:Strong Buy
Price:0.07
sherlock
12 Apr '13
totally agreed...
Sherl0ck
Posts: 1,623
Observation
Opinion:No Opinion
Price:0.07
So
12 Apr '13
As we suspected, buying listed stock is simply to appease the investment deadline criteria and will be sold again very soon so that the cash is back in the company. This is not core to the strategy, but incubating a number of resource projects to IPO is - sounds interesting and I look forward to the further details promised.

We've also seen rumours of a forthcoming placing to raise more cash to help effect these multiple deals - which if true, means that the price offered to Otterswick and any other investors can't be less than 0.1p. Good times ahead I think.
maxtheax16
Posts: 2,412
Premium Chat Member
Observation
Opinion:Strong Buy
Price:0.07
details coming up
12 Apr '13
soon....this could move t above 0.10p....
Moreforus
Posts: 19,960
Observation
Opinion:No Opinion
Price:0.07
Knigelk
12 Apr '13
Lets see but it's trading sub cash with now some equity exposure !

Fear and uncertainty gone ...
KNIGELK
Posts: 12,698
Off Topic
Opinion:Weak Buy
Price:0.07
Moreforus
12 Apr '13
Phew! Just have to wait for the investment details at the AGM. Maybe a "relief" rally today?
Moreforus
Posts: 19,960
Observation
Opinion:No Opinion
Price:0.07
No delisting
12 Apr '13
TIDMPIRI

RNS Number : 1760C

Pires Investments PLC

12 April 2013

Pires Investments PLC

("Pires" or the "Company")

Investing company update

The Board announces that the Companyhas invested in a portfolio of listed companies and one unquoted company all of which have operations within Pires' investing policy - principally resource companies with a focus in Asia.

As well as engaging in the investing activities detailed above the Company is also reviewing a number of additional unlisted investment opportunities, with the ambition of incubating such investments to potential IPOs.

The Company confirms that it has now implemented its investing policy and has satisfied the requirements of Rule 15 of the AIM Rules for Companies and as a consequence the Company's shares will continue to trade on AIM following the anniversary (on 16 April 2013) of the Company becoming an investing company.

Further details of the Company's investing policy and proposals for the development of that policy will be presented to shareholders at the forthcoming AGM which will be convened following the publication of the Company's accounts for the year ended 31 October 2012.

Enquiries:

Pires Investments PLC Tel: 020 7580 7576
Peter Redmond, Director
Nominated Adviser Tel: 020 7148 7900
Cairn Financial Advisers LLP
Liam Murray / Avi Robinson
Broker
Peterhouse Corporate Finance Tel: 020 7469 0935
Jon Levinson Tel: 020 7469 0936
Lucy Williams
Sherl0ck
Posts: 1,623
Observation
Opinion:No Opinion
Price:0.07
Moreforus
11 Apr '13
It's a perfectly valid question. I assume we'll just see it in the accounts as per Bison/Kenv. PR isn't always the best at PR! Let's hope the meatier deals speak for themselves.
Moreforus
Posts: 19,960
Observation
Opinion:No Opinion
Price:0.07
SherlOck
11 Apr '13
and give some flavour that this is the first small investment and the BoD are negotiating on a few more larger investments???
Moreforus
Posts: 19,960
Observation
Opinion:No Opinion
Price:0.07
SherlOck
11 Apr '13
why not announce the small investment ... that certainly would help the poor old shareholders to see something is progressing???



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